Ben started the topic Are buyers advocate worth it when using a renovation strategy? in the forum Help Needed! 10 years, 6 months ago
Hey All,
I wanted to get peoples opinions on whether or not they believe a buyers advocate is worth the price when attempting to go down the path of a renovation strategy.
I am new to property and looking to find a niche just to get me started and feel this strategy may work best for me. I am fairly handy with the tools and have cheap access to…[Read more]
-
Ben replied to the topic PLEASE Point Me In The Right Direction in the forum Help Needed! 10 years, 6 months ago
Hey guys,
Wondering if anyone knows the same but in Melbourne?
Cheers
Ben -
Ben started the topic What is the best online real estate resource (statistics, developments.etc)? in the forum Help Needed! 10 years, 6 months ago
Hi All,
I was just curious as to what people think is the best online real estate resource to actively monitor?
Just to elaborate I am very new to real estate and am planning to spend the next year just getting a feel for everything, reading as much as possible and learning.Apart from this fantastic site which I read through the forums each day…[Read more]
-
Ben replied to the topic Positively Cashflow – Looking for example how you keep buying? in the forum Help Needed! 10 years, 6 months ago
Hey JacM and Mattsta,
Thank you for your detailed explanations. Both scenarios make plenty of sense :)
-
Ben replied to the topic Positive Cash Flow Properties – Real world examples in the forum General Property 10 years, 7 months ago
Thanks mate, that spreadsheet is fantastic.
Cheers and i look forward to hearing more about your application.
Cheers
-
Ben replied to the topic Positive Cash Flow Properties – Real world examples in the forum General Property 10 years, 7 months ago
Hey SuperAndrew,
I am really interested to learn more about your application. How far developed is it?
Also how did my other sums stack up? Would you say i am on the right path? Or am missing a few key things?
-
Ben replied to the topic Positive Cash Flow Properties – Real world examples in the forum General Property 10 years, 7 months ago
Hey superAndrew,
These look like some really decent finds. I myself am halfway through Steves book so still learning so much.
Could i just ask what would be your sums on say the Wynard property to get the end positive cashflow result?Just roughly I would think 210k purchase including closing costs. So a 42k deposit to avoid lenders insurance…[Read more]
-
Ben replied to the topic Main Residency to completey avoid CGT? in the forum Help Needed! 10 years, 7 months ago
Thanks for the quick replies.
I definitely think you are both correct and this is something I should be discussing with a property savvy accountant before we even begin the development.
Time for a Google search!
Cheers -
Ben started the topic Main Residency to completey avoid CGT? in the forum Help Needed! 10 years, 7 months ago
Hi All,
I have made a few recent posts on this forum as I am just about to start the exciting venture of building a townhouse at the rear of my property (planning permit approved). My brother and I both own the property and the development will be a joint venture so everything is 50/50.
Our plan is to develop the rear property and sell for profit…[Read more] -
Ben started the topic Tax depreciation and renting to family questions in the forum Help Needed! 10 years, 7 months ago
Hi All,
I was just hoping to get a better understanding around a certain scenario i am considering.
Just quickly I am about to start a build at the rear of my property and once completed in about 9 months time I will be moving into the property for 1 year to avoid the capital gains hit. Once a year passes I will be selling the property and then…[Read more] -
Ben started the topic Positively Cashflow – Looking for example how you keep buying? in the forum Help Needed! 10 years, 7 months ago
Hi All,
I am new to this forum and half way through Steve’s amazing book. Apologies if I am jumping the gun and a later chapter explains this in-depth :)
I have recently become very interested in property and its earning potential. I attended a seminar which was great and am also hooked on 1 -135 properties but i still am having difficulties…[Read more] -
Ben replied to the topic [ADVICE] Purchasing a property on subdivided block? in the forum General Property 10 years, 7 months ago
As you mentioned yourself but a 4 bedroom home is for a fairly large family (usually 3-4 kids) and having a small backyard does not give them much to play with. Me personally from the areas i look around do not see many sub-divided blocks with 4 bedrooms so that is quite interesting.
All that being said the days of big back yards are starting to…[Read more] -
Ben replied to the topic equity deposit question in the forum Help Needed! 10 years, 7 months ago
I am all very new to this and curious on this myself but can i just confirm is what you mean is if your home is valued at 500k and your loan is 380k then you have 120k equity in your home.
Then you go and take out that equity and use lets say use all of it for a deposit so there is now zero equity in your current property and let us say 90k in…[Read more] -
Ben started the topic Planning Permit Approved. Looking for advice, tips to increase value. in the forum Help Needed! 10 years, 7 months ago
Hi All,
This is my first post on this forum after reading through many other users insightful posts and i wanted to share my property story to date.
2 years ago i purchased a property with my brother with the hopes of knocking down the existing dwelling and building 2 dwellings. Life however got in the way of those plans and we needed to…[Read more] -
Ben became a registered member 10 years, 7 months ago
Total Members: 159,207
